Bills · S 2484
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2484Finance and Financial Sector
NeighborWorks Accountability Act
INTRO JUL 28· LAST ACTION JUL 28
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it aims to increase transparency and accountability for a government-created corporation that manages hundreds of millions of dollars in federal funding each year. NeighborWorks America supports local housing and community development efforts across the country, impacting many communities.
If this bill becomes law, it means there will be a dedicated official focused solely on rooting out waste, fraud, and abuse within NeighborWorks America, in addition to independent external financial reviews. This could lead to more efficient use of taxpayer money and build greater public trust in the organization's operations. If it doesn't become law, the corporation would continue to operate without this specific, independent internal oversight mechanism, potentially leaving it more vulnerable to mismanagement or misuse of funds without a dedicated office to investigate such issues.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes an Inspector General for the Neighborhood Reinvestment Corporation.
This creates an independent watchdog whose sole job is to investigate waste, fraud, and abuse within the corporation.
PROVISION 02
Authorizes funding for the newly established Office of Inspector General.
This ensures the Inspector General's office has the necessary resources to perform its oversight duties effectively.
PROVISION 03
Requires annual audits of the corporation's accounts by an independent external auditor, separate from any work done by the Inspector General.
This adds another layer of financial scrutiny and transparency by ensuring an outside firm regularly reviews the corporation's books.
PROVISION 04
Clarifies that the Inspector General's office cannot take on program operating responsibilities of the corporation.
This ensures the Inspector General remains an independent oversight body and does not become involved in the day-to-day management of the programs it is meant to oversee.
SPONSORSHIP
1 + 0
R· Tennessee
YRS IN OFFICE
5
BILLS LED
27
ACTION TIMELINE
2 EVENTSJUL 28
Introduced in Senate
JUL 28
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 2484
Congress119th
StatusIn Committee
IntroducedJul 28, 2025
Last actionJul 28, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JUL 28, 2025
Senate BillS 2484Finance and Financial Sector
NeighborWorks Accountability Act
INTRODUCED JUL 28, 2025· LAST ACTION JUL 28, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
